Replies to post #5621 on MDA - Market Direction Analysis (MDA)

[Trade Hard]

Tomorrow is the Bradley turn date (it`s an astrological phenomena). A lot of people think the Bradley turn will be the start of an upcycle out of the downcycle. Actually, if you take the fact that we have been trendless for a long time, and the geopolitical situation is escalating (this mornings murder of the Serbian Prime Minister) the turn date should be regarded as a confirmation that the rally is dead and the next downcycle begins. The VIX will scream to the upside IMO.

[LG]

SPX <----- The 84.1% retrace level provided only a little influence receiving just a minimal amount of price action congestion. Per my previous post "the SPX may test its Oct 2002 low", that "may" is now in progress.

Per my optimised indicators, my multiple time frame indicators (weekly through 5-min) are in or near oversold. Only the daily is lagging, however it is close. When they all line up, they are rarely wrong. I would expect if not today, then at the latest tomorrow at a minimum an intra-day to short-term low.

Regards,
LG

PS: I don't expect the COMPX to test its Oct 2002 lows with this retrace.

[ajtj99]

Let's see where it closes.